Oil Sands Industry Expected to Add $2.1 Trillion and 905,000 Jobs to Canadian Economy

The Keystone Pipeline project was expected to create tens of thousands of high paying jobs in the oil industry. The project itself would create 20,000 construction jobs. And the pipeline would bring oil from Canada and North Dakota to refineries in the United States.

But it was just a big pipe dream.
Obama rejected the plan.

(Bob McCarty)

But while Obama fiddles a new report reveals the oils sands industry will add an estimated $2.1 trillion to Canada’s GDP and fund up to 905,000 jobs a year.
CICS News reported:

A comprehensive report on the challenges and opportunities of Canada’s oil sands by auditing giant Deloitte projects that the hydrocarbon deposits will contribute an estimated $2.1 trillion to Canada’s GDP over the next 25 years.

The economic benefits of the added wealth include up to $783 billion in extra tax revenues over the period, which will provide a significant boost to local, provincial and federal governments and help them meet the growing costs of providing social services to an ageing population.

In addition to tax revenue, the export revenue generated from oil sands production will fund up to 905,000 jobs a year according to the Deloitte report.

Of course, the US could see similar results.
But Obama and Democrats are blocking progress.
It’s an Obama world.

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  • Pingback: Oil Sands Industry Expected to Add $2.1 Trillion and 905,000 Jobs to Canadian Economy « infowarsusa()

  • alexander

    the benefits to canada referred to in that report derive from the oil. ie the fact that canada possess the commodity of value.

    the keystone pipeline, however, is just a pipeline; a conduit for transporting that commodity to other places. from the US point of view, it would be a conduit for BUYING oil from a neighbour, and while that is not without its advantages, it hardly adds much in straight up economic benefits.

    i dont know where your “tens of thousands of jobs” comes from, but estimates for construction in the US resulting from the pipelines construction, range from about 3,000 to 20,000. temporary jobs. aside from that, there are a variety of politicial, environmental, and economic problems with the pipeline as proposed.

    so implying there is some similarity between the story you are sort of reporting on, and the keystone pipeline, is quite disingenuous, to put it politely.

  • Kissmygrits

    The epa and assorted eco weenies have been studying and blocking the pipeline for 7 years. MT or ND could have built their own refineries by now bypassing the need to pipe the sludge to TX. Billings already has a refinery that could have been added to. We need the jobs boost in MT.

  • Sasja

    The states are going to have to decide to become “lawless” and ignore any and all edicts from Washington. That we allow a handful of bureaucrats such power is an outrage and we need to start pushing back or we will never save our Republic.

  • L.E. Liesner

    This administrations blocking of drilling for oil and natural gas is a well known fact. Then add all the regulations and restrictions piled on by the EPA and the Department of Interior, we have a recipe for a bankrupt country. Other countries recognize the value of natural resources and benefit from them. The Obama administration knows the value of oil and gas but denies the use of them for their ill advise renewable alternatives which is also bankrupting the country. With this administration and dysfunctional congress, we are in a lose, lose situation.

  • tek

    Well, technically the President was agreeable with allowing them to build the second half of the pipeline. So, you can’t really say he wasn’t willing to meet the opposition halfway.

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  • Lim Lynn

    Miami Gardens rename after Barack Hussein Obama and Michelle Obama.